M&A

Minor increase to BBX takeover

BRAZIL gold enigma BBX Minerals has received an increased takeover bid of A0.1c from New York-based fund Drake Private Investments.

Michael Quinn
Minor increase to BBX takeover

The new bid of A4.6c per share is 24.3% above the price BBX shares were trading at prior to Drake’s initial bid back in early September. Drake, which holds nearly 37% of BBX – and which was a major shareholder...

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